Culture
Grab looks to strike a deal to acquire Indonesia’s GoTo in Q2: sources
[SINGAPORE,HONG KONG] US-listed ride-hailing and food delivery firm Grab is looking to strike a deal to take over smaller Indonesian rival…
Section
Culture
Culture
EU considers tariffs on Boeing jets
The European Union intends to propose tariffs on Boeing jets, as it prepares to retaliate further if trade talks with Washington fail, the…
Culture
Novo Nordisk latest drugmaker to drop gender goals in US
This follows executive orders by President Donald Trump to stop diversity, equity and inclusion initiatives Obesity drugmaker Novo Nordisk…
Culture
Geely plans bid to take Zeekr private at value of US$6.4 billion
The proposal would see Geely buy all shares in US-listed Zeekr Intelligent Technology Holding that it does not already own for US$2.566…
Culture
Volvo Cars to cut 5% of jobs at South Carolina plant as tariffs bite
The changes would affect about 125 of the 2,500 employees at its factory in South Carolina Volvo Cars said on Wednesday (May 7) it would…
Culture
Alibaba, Xiaohongshu in tie-up as China e-commerce competition intensifies
Chinese e-commerce giant Alibaba is partnering with popular content platform Xiaohongshu to allow users on Xiaohongshu to directly click…
Culture
Push to allow Norway's wealth fund to invest in defence companies falters
Opposition efforts to allow Norway’s US$1.8 trillion wealth fund, the world’s largest, to invest in large defence companies appear to be…
Culture
Hot, dry weather threatens output in China’s wheat-growing belt
Drought in the country’s northern grains production region is set to continue in the next ten days, while heavy rains are forecast to…
Culture
Stocks to watch: UOB, Sats, FLCT, Aims Apac Reit, Acrophyte Hospitality Trust
The following companies saw new developments that may affect trading of their securities on Wednesday (May 7). UOB: The bank’s net profit…
Culture
US SEC’s new chief says 15% of staff have left, contract cuts to come, sources say
The new head of the US Securities and Exchange Commission told staff on Tuesday the agency has lost 15 per cent of its headcount across…
Culture
Oil rises 3% on signs of more Europe and China demand, less US output
Oil prices climbed about 3 per cent on Tuesday on signs of higher demand in Europe and China, lower production in the US, tensions in the…
Culture
US: Wall St opens lower on fresh tariff threats
Wall Street’s main indexes opened lower on Tuesday, after US President Donald Trump’s latest plans for pharma tariffs further dampened…
Culture
Citigroup to partner with Swiss bourse in private markets push
Citigroup is partnering with Switzerland’s stock exchange SIX Group as part of a push by the Wall Street lender to make it easier for…
Culture
Hong Kong launches new measures to attract more tech, bio listings
Hong Kong is the main destination for mainland Chinese firms looking to raise capital offshore Hong Kong launched a scheme on Tuesday (May…
Culture
Sats names first chief digital officer to lead global digitalisation initiatives
Catering and ground handling company Sats on Tuesday (May 6) announced the appointment of Sandeep Sakharkar as chief digital officer, a…
Culture
Singapore shares end higher on Tuesday ahead of FOMC meeting; STI up 0.2%
Singtel is the top gainer on the benchmark index while Yangzijiang Shipbuilding, which is trading ex-dividend, falls the most Stocks on…
Culture
MPACT should sell Festival Walk or merge to get more Singapore-centric
SINGAPORE’S largest mall, VivoCity, with over a million square feet of lettable area, is much loved by shoppers. However, the mall’s owner…
Culture
Lamborghini quarterly revenue up 29.6% as hybrid models boost deliveries
Italian luxury sports carmaker Lamborghini reported on Tuesday a 29.6 per cent jump in revenue to 895.2 million euros (S$1.3 billion),…
Culture
Fashion retailer Hugo Boss reports better-than-expected Q1 revenue
The company posted first-quarter revenue of 999 million euros (S$1.46 billion), slightly below the 1.01 billion euros a year earlier…
Culture
Why a US-listed video game firm is paying a premium for a Singapore-based tech products distributor
For over 30 years, one little-known wholesaler and distributor of technology products – including IT accessories, gaming components and…
Culture
Why a US-listed video game firm is paying a premium to take Ban Leong private
For over 30 years, one little-known wholesaler and distributor of technology products – including IT accessories, gaming components and…
Culture
DoorDash agrees to buy Deliveroo in US$3.9 billion deal
DoorDash has agreed to buy UK-based food-delivery platform Deliveroo for an equity value of about US$3.9 billion, as the US company pushes…
Culture
Maybank lowers target price of CSE Global to S$0.58 but remains ‘top pick’
Maybank securities analyst Jarick Seet cut his target price for systems integrator CSE Global to S$0.58 from S$0.67 in the light of fierce…
Culture
Keppel DC Reit names Low Huan Ping as lead independent director amid board changes
Keppel DC Real Estate Investment Trust (Reit) has announced director Low Huan Ping as new lead independent director and chairman of…